Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Texas venture labs alumni college presentation june 23 2010

467 views

Published on

Texas venture labs alumni college presentation june 23 2010

Published in: Economy & Finance, Business
  • Be the first to comment

  • Be the first to like this

Texas venture labs alumni college presentation june 23 2010

  1. 1. www.texasventurelabs.net<br />1<br />
  2. 2. The What …<br />Venture Labs is a University wide interdisciplinary education and research initiative to support entrepreneurship, innovation and company formation while providing a unique and directly applicable educational experience for participating students and a research environment for faculty.<br />2<br />
  3. 3. … The How …<br />Venture Labs delivers the intellectual horsepower to promote new venture creation at UT Austin through education and mentoring; market and business plan validation; team-building and networking; and providing direct links to resources and funding.<br />3<br />
  4. 4. … and What’s Unique<br />Venture Labs is Built on the entrepreneurial skunk-works that has thrived at UT Austin for the last five years and produced substantial results. <br />4<br />
  5. 5. Venture Labs Positioning<br />Looks like a venture capital firm<br />Relies on outside sources of capital<br />Not reproducing any on campus or business organization<br />Acts a consultation and recommendation source<br />Designed to accelerate company formation<br />Will selectively take on projects and provide labor in the early days and expand this over time<br />Run by students across campus who will be learning the process while building companies<br />5<br />
  6. 6. How We’re Doing It<br />6<br />
  7. 7. How We’re Doing It<br />7<br />
  8. 8. How We’re Doing It<br />8<br />
  9. 9. How We’re Doing It<br />9<br />
  10. 10. Process<br />10<br />Stage 3<br /><ul><li>Management Team
  11. 11. Funding
  12. 12. Launch</li></ul>Stage 2<br /><ul><li>License
  13. 13. Market Validation
  14. 14. Product
  15. 15. Business Model
  16. 16. Business Plan</li></ul>Stage 4<br /><ul><li>Ongoing Mentoring
  17. 17. Growth
  18. 18. Harvest</li></li></ul><li>Timeline<br />11<br />March 2010: Initial focus sourced from Graduate Business and Engineering programs<br />Stage 3<br /><ul><li>Management Team
  19. 19. Funding
  20. 20. Launch</li></ul>Stage 2<br /><ul><li>License
  21. 21. Market Validation
  22. 22. Product
  23. 23. Business Model
  24. 24. Business Plan</li></ul>Stage 4<br /><ul><li>Ongoing Mentoring
  25. 25. Growth
  26. 26. Harvest</li></li></ul><li>Timeline<br />12<br />March 2010: Initial focus sourced from Graduate Business and Engineering programs<br />Stage 3<br /><ul><li>Management Team
  27. 27. Funding
  28. 28. Launch</li></ul>September 2010: Signature deals sourced from OTC, Graduate Business and Engineering <br />programs<br />Stage 2<br /><ul><li>License
  29. 29. Market Validation
  30. 30. Product
  31. 31. Business Model
  32. 32. Business Plan</li></ul>Stage 4<br /><ul><li>Ongoing Mentoring
  33. 33. Growth
  34. 34. Harvest</li></li></ul><li>Timeline<br />13<br />March 2010: Initial focus sourced from Graduate Business and Engineering programs<br />Stage 3<br /><ul><li>Management Team
  35. 35. Funding
  36. 36. Launch</li></ul>September 2010: Signature deals sourced from OTC, Graduate Business and Engineering <br />programs<br />Stage 2<br /><ul><li>License
  37. 37. Market Validation
  38. 38. Product
  39. 39. Business Model
  40. 40. Business Plan</li></ul>Stage 4<br /><ul><li>Ongoing Mentoring
  41. 41. Growth
  42. 42. Harvest</li></ul>2010: Perfect the model with Law, Business and Engineering Graduate programs<br />2011: Expand to Business and Engineering Undergraduate programs<br />2012: Expand across campus<br />
  43. 43. Success Stories<br />14<br />Stage 3<br /><ul><li>Management Team
  44. 44. Funding
  45. 45. Launch</li></ul>Stage 2<br /><ul><li>License
  46. 46. Market Validation
  47. 47. Product
  48. 48. Business Model
  49. 49. Business Plan</li></ul>Stage 4<br /><ul><li>Ongoing Mentoring
  50. 50. Growth
  51. 51. Harvest</li></ul>Underway: more than 30 companies including Digital Proctor, Mentionables, MBA Benchmark, Ordoro, and SolaVicta<br />
  52. 52. Success Stories<br />15<br />Stage 3<br /><ul><li>Management Team
  53. 53. Funding
  54. 54. Launch</li></ul>Stage 2<br /><ul><li>License
  55. 55. Market Validation
  56. 56. Product
  57. 57. Business Model
  58. 58. Business Plan</li></ul>Stage 4<br /><ul><li>Ongoing Mentoring
  59. 59. Growth
  60. 60. Harvest</li></ul>Underway: more than 30 companies including Digital Proctor, Mentionables, MBA Benchmark, Ordoro, and SolaVicta<br />
  61. 61. Success Stories<br />16<br />Stage 3<br /><ul><li>Management Team
  62. 62. Funding
  63. 63. Launch</li></ul>Stage 2<br /><ul><li>License
  64. 64. Market Validation
  65. 65. Product
  66. 66. Business Model
  67. 67. Business Plan</li></ul>Stage 4<br /><ul><li>Ongoing Mentoring
  68. 68. Growth
  69. 69. Harvest</li></ul>Underway: more than 30 companies including Digital Proctor, Mentionables, MBA Benchmark, Ordoro, and SolaVicta<br />
  70. 70. Organization<br />Faculty Directors<br />Focus on entrepreneurial faculty from across campus<br />Post-graduate Manager positions<br />Provide first level management of student projects and resources<br />Day to day operations staffed by students<br />Experiences<br />Venture Capital<br />Entrepreneurship<br />Operational positions<br />Student Compensation<br />Course credit<br />Relevant experience<br />17<br />
  71. 71. Venture Labs Initiatives<br />Engineering partnership<br />Law school involvement<br />Cross-campus course offerings<br />CTAN relationship<br />Venture Week<br />Automated advisory board deal screening<br />Technical advisory board<br />Investment Competition<br />Possible centralization of cross-campus student entrepreneurial efforts<br />18<br />
  72. 72. Next Speakers<br />Daniel Nelson, co-founder, Phurnace Software<br />Randall Crowder, president of Venture Fellows, Executive Director of Central Texas Angel Network<br />19<br />

×